Square Inc (NYSE:SQ) and Twitter Inc (NYSE:TWTR) CEO Jack Dorsey’s first-ever tweet, put on auction as a non-fungible token, has garnered a leading bid of $2.5 million at the end of the stipulated deadline.

What Happened: The leading bid of 1630.58 Ethereum (CRYPTO: ETH) was made by Bridge Oracle CEO Sina Estavi. ETH traded 0.3% higher at $1,789.68 at press time.

The second-largest bid came from Justin Sun, the founder of Tron (CRYPTO: TRON) and current CEO of Rainberry, Inc. Sun and Estavi were engaged in a war of bids that saw the price rise from $363,000 to $2.5 million.

BTC traded 0.81% higher at $57,744.55.

See also: What is a Non-Fungible Token (NFT)?

Why It Matters: Dorsey’s first Twitter post was made in March 2006 and it received bids as high as $88,888.88 within minutes of the executive tweeting about the auction earlier this month.

Sun had also participated in a Christie’s auction where Beeple sold his artwork dubbed “The First 5000 Days” but he was outbid by another buyer in the last 20 seconds by $250,000. 

Beeple revealed Sunday that the successful bidder was a person from Singapore who paid $69 million for the art. The artist said NFT art is “absolutely” in a bubble.

Read Next: 'Morons,' Banksy's Art Work Burned In Real Life, Sells For $394,000 As A Non-Fungible Token

Price Action: Square shares closed nearly 0.2% higher at $224.84 on Friday and fell 0.15% in the after-hours session. On the same day, Twitter shares closed almost 0.7% lower at $66.23 and fell 0.12% in the after-hours session.